Stocks With Momentum Theta Edge, Damansara Realty, TRC Synergy, LB Aluminium, Len Cheong

by **Cals** Wed 30 Mar 2016, 02:13

Stocks With Momentum

[size=28]Theta Edge, Damansara Realty, TRC Synergy, LB Aluminium, Len Cheong

By Kamarul Anwar / theedgemarkets.com | March 29, 2016 : 1:06 PM MYT

KUALA LUMPUR (March 29): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and three with negative momentum.

The stocks with positive momentum are:

Theta Edge Bhd – up 2.5 sen at 45.5 sen

Damansara Realty Bhd – up five sen at 86 sen

The stocks with negative momentum are:

TRC Synergy Bhd – down two sen at 48 sen

LB Aluminium Bhd – unchanged at 53.5 sen

Len Cheong Holding Bhd – up one sen at 35 sen

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentumgenerally only persists for a short period of time.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.

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